Northern Trust has expanded its Alternatives Group with two appointments focused on investment opportunities in venture capital and secondary markets for private equity.
James R. 'Trey' Hart III, who is responsible for sourcing and analyzing venture capital investment opportunities in the U.S. and Asia, joined Northern Trust from Greenspring Associates, a global venture capital fund-of-funds based in Baltimore, Maryland. Adam R. Freda, who focuses on sourcing, valuing and executing private equity and venture capital transactions on the secondary market, was previously at Wind Point Partners, a middle-market leveraged buyout fund based in Chicago.
"These appointments help to strengthen and diversify our capabilities in private equity, which continues to attract strong interest as an asset class," said Robert Morgan, Managing Director of the Northern Trust Alternatives Group. "Trey and Adam bring a range of experience at some of the country's top private equity firms. We are excited about our ability to offer a broader set of strategies to help institutional and individual investors access these markets."
Northern Trust's Alternatives Group has approximately $3.5 billion under management or advisory. The private equity program includes a series of private equity funds-of-funds and customizable multiple-manager portfolios, with the objective of generating returns while seeking to reduce risk through fund and sector diversification.
Hart was active in all aspects of the investment process at Greenspring Associates, including primary fund investments, direct investments and secondary fund investments. Prior to Greenspring, he was an associate in the private equity practice of Kirkland & Ellis LLP, the international law firm. He is a magna cum laude graduate of Washington and Lee University and the University of Maryland School of Law, where he was an associate editor of the Maryland Law Review. While in law school, he worked in the Baltimore office of New Enterprise Associates, a $13 billion global venture capital firm.
Freda's experience at Wind Point included deal sourcing, due diligence, capital raising, deal negotiation, and working with companies post-investment. Prior to Wind Point, he worked as an analyst at Citi's Investment Banking Group, focused on the automotive and metals and mining industries. He earned dual Bachelor of Science degrees in Finance and Accountancy with High Honors from the University of Illinois in Urbana-Champaign and received his MBA with Honors from the University of Chicago Booth School of Business.
Northern Trust has been investing in alternative assets since 2000. The Alternatives Group brings together portfolio construction and management, product, sales and service teams to build on the private solutions offered by Northern Trust's multi-manager business. To learn more, see: http://www.northerntrust.com/alternativeinvestments.
Asset Management at Northern Trust begins with listening and leads to answers beyond the expected for our clients. The multi-asset class investment management business is comprised of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., the investment advisor division of The Northern Trust Company and its subsidiaries which offer investment products and services to personal and institutional markets.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 18 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2013, Northern Trust had assets under custody of US$5.2 trillion, and assets under investment management of US$846.2 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures
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